It was only a few years ago when Colombia emerged as one of the hottest oil plays in South America and it saw a number of Canadian oil explorers and producers enter the country. On the back of new discoveries companies such as Pacific Rubiales (OTC:PEGFF), Petrominerales (OTCPK:PMGLF) and Gran Tierra Energy (NYSEMKT:GTE) saw their share prices surge. It also saw a number of micro-cap companies like Canacol (CAAED.PK) and C&C Energia (CZE.TO) enter the fray.
Yet over the last year, many of these Canadian-domiciled independent oil and gas explorers and producers have fallen into disfavor with investors and seen their share prices fall significantly. This sharp decline in share prices, in conjunction...
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